CO HB1103

Creates a sales and use tax exemption for components, parts, and distributed electrical generation wind turbine systems with capacity between 100-700 kilowatts installed behind residential or commercial building meters from July 1, 2011, through June 30, 2014.

Provides a 30% income tax credit for taxpayers who install new distributed electrical generation wind turbine systems, available for tax years commencing January 1, 2011, through December 31, 2013, with unused credits carryyable forward up to three years.

Establishes a 40% business investment tax credit for qualified investors making investments of $100,000 to $15 million in qualified small businesses manufacturing distributed electrical generation wind turbine systems that create at least 100 new jobs paying 110% of county average wage.

Exempts manufacturers of distributed electrical generation wind turbine systems from income tax withholding requirements for three calendar years if they achieve net job growth of at least 100 new jobs during the January 1, 2011, tax year, effective July 1, 2011, through June 30, 2014.

All provisions include sunset dates between July 2014 and January 2018.